Stabolut
@stabolut
FCA on Stablecoins 🇬🇧 (DP24/4): - Reserves: Backed 1:1 with clear fiat holdings, audited regularly to prevent risks. - Redemption: Users must redeem stablecoins on-demand with minimal delays. ⏱️ - Segregation: Reserve assets must be separate from issuer funds, ensuring user protection. 🛡️ - Transparency: Regular disclosures on reserves and audits to build trust. The FCA aims to make fiat-backed stablecoins as stable as TradFi. Will this fuel wider adoption? 🚀
0 reply
0 recast
1 reaction